All News Entries
Thursday, May 17, 2012
Class I railroad carrier Canadian Pacific Railway Ltd. said ahead of its annual shareholder meeting earlier today that Fred Green, president and CEO, has left the company. This move comes in the wake of a proxy vote by activist investor Bill Ackman, head of Pershing Square Capital Management, and the single largest CP shareholder with a 14.1 percent stake in the company.
April volumes at the Port of Long Beach (POLB) were down 13 percent annually, according to data released by the port this week.
Wednesday, May 16, 2012
This marks the third consecutive year that supply chain concerns have increased, says BDO USA, a leading accounting and consulting organization
YRC Freight President Jeff Rogers said the decision to add drivers is due to the fact that “YRC Freight is growing and our volumes are building.”
Posted on 05/16 at 11:19 AM
YRC Worldwide •
YRC Freight •
At a time when truckload capacity remains fairly tight and is expected to remain that way, freight brokerages appear to be reaping the benefits. That was a central theme in a recent report issued by TransCore,
Expectations for second quarter and into third quarter are not high as many providers expect little increase in freight at best
Posted on 05/16 at 08:05 AM
Global Trade •
Tuesday, May 15, 2012
April container volumes for the Port of Los Angeles (POLA) were markedly improved over March, with the port announcing that container volumes for the month represented the single best output for the month of April in POLA history.
Commerce reported that April retail sales at $408.0 billion were up 0.1 percent over March and 6.4 percent higher than April 2011.The NRF reported that April retail sales, which exclude autos, gas stations, and restaurants, were down 0.1 percent on a seasonally-adjusted basis from March and up 2.8 percent on an unadjusted basis annually.
The price per gallon of diesel fuel dropped at its steepest level in nearly five months, according to data from the Department of Energy’s Energy Information Administration.
Business conditions impacting shippers remain largely unchanged, according to the most recent edition of the Shippers Condition Index (SCI) from freight transportation forecasting firm FTR Associates.
Posted on 05/15 at 08:04 AM
FTR Associates •